Eddington Triple Alpha Fund Announces 2007 Results

by Amanda Banks, Tax-News.com, London

25 January 2008

Eddington Capital Management has announced 2007 results for its flagship fund, the Eddington Triple Alpha Fund.

At the end of a challenging year for the industry, the fund has again successfully outperformed its peer group, Eddington suggested, producing an estimated return of 17.21% for 2007.

The fund's positive performance is further demonstrated when compared with the current HFRI Fund of Fund Composite Index, which is estimating a return of 10.11% for 2007, the firm argued.

The fund is diversified and currently allocates to 23 managers, across a wide range of strategies.

Eddington partner Dr. Glenn Baggley commented:

"Given the unusual market conditions last year, we had to make several prescient decisions in 2007 in order to mitigate the risks hedge funds were facing.

"We successfully anticipated the sub-prime collapse and by adding a short sub-prime manager into the portfolio early in the year, significantly enhanced our returns."

"Looking forward, we believe we have a well-balanced portfolio to continue generating high returns during the course of 2008," he concluded.

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